This role will require the individual to operate across a range of countries in providing Anti-Money Laundering (AML) compliance expertise. The role will involve working with the Legal and Compliance team in each of the countries in which the firm has a significant presence in the Asia-Pacific region (Hong Kong, China, Singapore, Malaysia, India, Japan, Australia, South Korea and Taiwan) - but with a specific focus on Hong Kong, China and Taiwan.
The candidate will report into the APAC Regional Head of Financial Crime and will be responsible for executing on a regional financial crime strategy and framework in relation to AML which is consistent with the global framework.
Work closely with the APAC Regional Head of Financial Crime in executing a regional framework in relation to primarily managing the risk of money laundering but with an ability to assist with managing the risks of sanctions, fraud and bribery and corruption (“the four risks”), as required. Assist in setting, implementing and updating global and local policy requirements and procedures and ensure that they are embedded within business areas in the region.
Determine if policies, procedures and controls of the anti-money laundering compliance program are adequate, effective and in compliance with regulatory requirements/designed to meet global standards. Identify risks, potential concerns and control issues; determine the root cause of issues; provide best practice recommendations; and ensure that appropriate corrective actions are developed and implemented.
Leverage the global risk assessment processes and perform annual risk assessments for anti-money laundering for the region across the region’s businesses. Identify key controls and assess their design effectiveness
Corroborate with different teams to support the businesses in delivering key strategic initiatives in the region by providing insight and advice from financial crime perspective
Assist the Hong Kong MLRO with the on boarding and refresh of client due diligence files
Provide AML advice to country compliance teams within the region to support their daily activities
Form strong relationships with key stakeholders within the business regionally
Work with regional variances to maintain a consistent global standard
Conduct periodic reviews and monitoring of our business activities to ensure compliance with relevant financial crime requirements in APAC and the firm.
Experience, Skills & Knowledge Required:
The successful candidate should have a minimum of 8-10 years of experience in addressing money laundering risk in China, Hong Kong and, ideally, Taiwan and have a deep understanding of the anti-money laundering regulatory requirements in these countries and industry practice.
Exposure and experience to AML regulatory requirements in other APAC jurisdictions, advantageous.
Fluent written and spoken Mandarin Chinese. The candidate will also need to be proficient in written and spoken English. Experience drafting policies and procedures, performing risk assessments, testing and monitoring, third party risk management, data analysis and metrics reporting.
Experience working with asset management firms would be an advantage, but not essential.
Excellent communication and business partnership skills.
Teamwork skills – the candidate must be flexible in his/her work style and be able to work appropriately with stakeholders and colleagues at all levels.
Ideally a qualification in Business, Law, Accounting or related discipline; recognised professional qualifications in anti-money laundering such as Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred.